MJIEL Vol 3 Issue 3 2006 - A4

Introduction

A dozen cases heard by the International Centre for Settlement of Investment Disputes (ICSID) were reported in 2006, half of which were decisions regarding the Tribunal's jurisdiction. Two more cases concerned applications for stays of the enforcement of previous awards and one was a request for non-disclosure of information during the hearing of the primary dispute. Only three ICSID disputes in 2006 encompassed substantive matters, two of which arose from an economic depression in Latin America and the remaining one from privatization initiatives of a former Eastern block country. This brief note will review each of ICSID's reported cases in 2006, beginning with perhaps the Tribunal's most significant decision of the year, the partial denial of an expropriation claim by American investors in Argentina.


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